Residential Land Transaction Tax statistics by Westminster Parliamentary Constituency and transaction type

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Chart

None

Measure

Period

Measure2

Transaction type

Code

Westminster Parliamentary Constituency area These are the 2024 Westminster constituency areas in Wales (32). They are the areas represented by the 32 Westminster members and differed from the Senedd equivalents at the time of creation.

These are the 2024 Westminster constituency areas in Wales (32). They are the areas represented by the 32 Westminster members and differed from the Senedd equivalents at the time of creation.

Westminster Parliamentary Constituency area 1

Residential

Main rate residential

Higher rates residential

Revenue from main rate

Revenue from higher rate

WCAKnown

Total of 2024 Westminster constituency areas in Wales (records with known constituency classification) This excludes cases across Wales where the constituency area could not be ascertained due to a lack of reliable postcode information.

This excludes cases across Wales where the constituency area could not be ascertained due to a lack of reliable postcode information.

214.6

111.6

103.0

29.1

74.0

W07000081

Aberafan Maesteg

2.1

0.6

1.5

0.2

1.3

W07000082

Alyn and Deeside

4.8

2.7

2.2

0.5

1.6

W07000083

Bangor Aberconwy

7.3

3.2

4.1

1.1

3.0

W07000084

Blaenau Gwent and Rhymney

1.7

0.4

1.3

0.1

1.2

W07000085

Brecon, Radnor and Cwm Tawe

6.5

3.5

3.0

0.9

2.1

W07000086

Bridgend

6.5

4.0

2.6

0.7

1.9

W07000087

Caerfyrddin

5.9

3.0

2.8

0.7

2.1

W07000088

Caerphilly

4.0

2.1

1.8

0.4

1.4

W07000089

Cardiff East

9.1

4.1

4.9

1.3

3.6

W07000090

Cardiff North

13.2

9.0

4.1

1.6

2.6

W07000091

Cardiff South and Penarth

12.6

6.6

6.0

1.9

4.1

W07000092

Cardiff West

13.5

8.2

5.3

1.8

3.5

W07000093

Ceredigion Preseli

8.1

4.5

3.6

1.2

2.5

W07000094

Clwyd East

5.5

2.7

0.8

1.9

W07000095

Clwyd North

5.6

2.6

3.0

0.5

2.5

W07000096

Dwyfor Meirionnydd

10.3

3.1

7.2

2.6

4.5

W07000097

Gower

10.0

5.7

4.3

1.6

2.8

W07000098

Llanelli

4.1

1.9

2.2

0.4

1.8

W07000099

Merthyr Tydfil and Aberdare

2.6

1.0

1.6

0.2

1.4

W07000100

Mid and South Pembrokeshire

10.6

4.5

6.1

2.1

4.0

W07000101

Monmouthshire

13.8

9.9

3.9

1.5

2.4

W07000102

Montgomeryshire and Glyndwr

5.5

3.2

2.3

0.6

1.7

W07000103

Neath and Swansea East

2.8

1.0

1.8

0.2

1.6

W07000104

Newport East

6.3

3.5

2.7

0.4

2.3

W07000105

Newport West and Islwyn

5.4

3.1

2.3

0.6

1.7

W07000106

Pontypridd

4.0

2.2

1.8

0.2

1.6

W07000107

Rhondda and Ogmore

2.6

0.7

1.9

0.1

1.8

W07000108

Swansea West

4.5

1.5

2.9

0.4

2.5

W07000109

Torfaen

3.3

2.1

1.2

0.2

1.0

W07000110

Vale of Glamorgan

9.3

5.8

3.5

1.3

2.3

W07000111

Wrexham

4.7

2.5

2.2

0.4

1.9

W07000112

Ynys Môn

8.7

2.6

6.0

2.5

3.5

WCA-1

Unknown 2024 Westminster constituency area These are cases across Wales where the constituency area could not be ascertained due to a lack of reliable postcode information.

These are cases across Wales where the constituency area could not be ascertained due to a lack of reliable postcode information.

2.1

0.9

1.2

0.3

1.0

Metadata

High level information
Summary information
Weblinks
Keywords
Statistical quality information
Open Data

Title

Residential Land Transaction Tax statistics, by 2024 Westminster consituency, transaction type, measure and effective 4-quarter rolling period

Last update

6 June 2024

Next update

31 July 2024

Publishing organisation

Welsh Revenue Authority

Source 1

Land Transaction Tax returns, Welsh Revenue Authority

Contact email

data@wra.gov.wales

Designation

None

Lowest level of geographical disaggregation

2024 Westminster parliamentary constituency areas

Geographical coverage

Wales

Languages covered

English and Welsh

Data licensing

You may use and re-use this data free of charge in any format or medium, under the terms of the Open Government License - see http://www.nationalarchives.gov.uk/doc/open-government-licence

General description

From 1 April 2018, LTT replaced Stamp Duty Land Tax (SDLT) on residential and non-residential property and land interests purchased in Wales. The tax rates and tax bands for LTT vary depending on the type of transaction.

Taxpayers must notify the WRA of all land transactions with a value above £40,000. There are also circumstances where certain lease transactions are not notifiable if they are less than 7 years in duration. When filing an LTT return, the organisation paying the return has 30 days after the effective date to submit and pay the return.

This dataset includes estimates of LTT notifiable residential transactions received by the WRA by the close of 15 April 2024.

Non-residential statistics cannot be reliably produced as identification of the correct constituency area relies on the postcode to be provided for the property and land items as part of each transaction. As there is an inherent bias in the cases where missing or invalid postcodes are provided towards larger non-residential transactions, their results are not sufficiently complete or meaningful to be published.

The dataset includes a breakdown by:
- transaction type: residential only but (including sub-categories for main rate and higher rate transactions)
- 2024 Westminster Constituency area: each of the 32 Westminster Constituencies in Wales
- measure: number of transactions, tax due, value of property taxed, average tax due per transaction and average value of property taxed
- effective year (financial)

There is a relatively small proportion of residential transactions where the postcode provided for the property and land items is missing or invalid. This means that the constituency cannot be allocated. For comparability, the constituency totals shown in this dataset therefore relate only to those transactions where the constituency is known, and for that reason will not match the Wales total shown in other datasets.

A full explanation of how this dataset should be interpreted, especially in the context of higher rates transactions, can be found here: https://gov.wales/welsh-revenue-authority-local-area-statistics-2022-2023-explained-html

Data collection and calculation

See weblinks

Frequency of publication

Quarterly

Data reference periods

Data are shown by the year ending June, September, December and March in which the transaction was effective.

Users, uses and context

These statistics have been established to meet the immediate user requirement for data on the implementation of LTT, following the establishment of the WRA. Our key users are colleagues from the Welsh Treasury within the Welsh Government, the Office of Budget Responsibility, and other tax authorities in the UK.

Rounding applied

Values in this dataset are rounded to the nearest 10 transactions, nearest £0.1 million tax due, and nearest £1 million for the value of property taxed. Average tax due per transaction is shown to the nearest £10, whilst average value per transaction is shown to the nearest £1000.

Revisions information

Land Transaction Tax statistics are subject to revision. When filing an LTT return, the organisation paying the return has 30 days after the ‘effective date’ to submit and pay the return. The effective date is when the tax becomes liable to be paid, usually when a transaction is completed on a property.
This dataset (being annual figures) is unlikely to be affected by further transactions not submitted by June of the following year. However, values for existing transactions are subject to revisions for several years and may lead to some revisions when these data are next updated. In particular, this will be due to higher rate refunds. When a refund for higher rates residential LTT is claimed, the original transaction is amended to a main rate residential LTT transaction. The taxpayer has up to three years to sell their previous main residence and claim a refund.

Weblinks

https://gov.wales/land-transaction-tax-statistics
https://gov.wales/key-quality-information-land-transaction-tax-statistics
https://gov.wales/funding/fiscal-reform/welsh-taxes/land-transaction-tax

Keywords

Land Transaction Tax; LTT; Tax

Statistical quality

See weblinks

Name

wrax0013

Dataset

http://open.statswales.gov.wales/dataset/wrax0013

Metadata

http://open.statswales.gov.wales/en-gb/discover/metadata?$filter=Dataset eq 'wrax0013'

Dimensions

http://open.statswales.gov.wales/en-gb/discover/datasetdimensions?$filter=Dataset eq 'wrax0013'

Items

http://open.statswales.gov.wales/en-gb/discover/datasetdimensionitems?$filter=Dataset eq 'wrax0013'